Strategy | Essence | Risk | Profit Potential | Recommendation |
Long Straddle | Buy Call and Put at the same strike — bet on sharp movement | Moderate | High | Great before major events or announcements |
Long Strangle | Buy Call and Put at different strikes — cheaper than straddle | Moderate | Moderate to High | Best when expecting movement, unsure of direction |
Iron Condor | Sell near-the-money Call/Put, buy further out — bet on low volatility | Low | Low to Moderate | Ideal for range-bound markets |
Calendar Spread | Buy long-term option, sell short-term one with same strike | Low | Moderate | Use in stable or sideways markets |
Futures + Delta Hedge | Trade futures with active option hedging to reduce exposure | High | High | For active intra-day or positional traders |
Leveraged Futures | Use 2x/5x/10x leverage in futures | Very High | Very High | Only with strict risk control |
Reverse Iron Condor | Buy outer options, sell inner ones — bet on breakout | Limited | High | Useful during breakout expectations |
Butterfly Spread | Multi-leg option strategy for betting on a target price | Limited | Moderate | Good when expecting slow move toward a key level |
Box Spread | Arbitrage: combine bull + bear spread with same strikes | Very Low | Low | Used in inefficient markets for safe returns |
Ratio Spread | Sell more options than bought ones (e.g. 2:1) | High | High | Advanced — needs careful risk management |